Global Boiler Market Exceeds $6.1 Billion

Our February M/E Roundtable talked about specifying boilers, a market which continues to grow significantly worldwide according to a recent study.


The world domestic boiler market rose to $6.1 billion and 8.6 million units in 2001 and is continuing to grow significantly, according to BSRIA, a United Kingdom-based global market research firm.

In a recent study on the world domestic boiler market, BSRIA researchers discovered:

  • South Korea is the world's largest market by volume, although the UK will overtake it this year. Germany is the largest by value.

  • Despite its deep economic woes, Japan is the world's fastest growing market, with China second.

  • Condensing boilers is the fastest growing segment at 10% per year to more than 1 million units in 2004. Currently, four countries control 90% of the world market.

  • There are many strange products and practices across the world, for example, split boiler systems in Japan, residential electrical boilers in Korea and conventional and back boilers in the U.K.

  • Although European boiler manufacturers dominate the world market, their penetration outside Europe is low because many other big names emerging in the Far East and North America.

BSRIA's study, "The World Market for Domestic Boilers," published in February 2002, covers 24 countries and includes an overview report. The report was compiled based upon 360 interviews with key manufacturers, importers and other suppliers.

For more information, visit BSRIA's web site at: .

No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
Emergency lighting; NFPA 3 and 4; Integrated building systems; Smart lighting, HVAC design
Designing for energy efficiency; Understanding and applying NFPA 101 for mission critical facilities; Integrating commissioning and testing for fire alarm systems; Optimizing unitary pumping solutions
Economics of HVAC systems; NFPA 110-2016; Designing and choosing modular data centers
Tying a microgrid to the smart grid; Paralleling generator systems; Previewing NEC 2017 changes
Driving motor efficiency; Preventing Arc Flash in mission critical facilities; Integrating alternative power and existing electrical systems
Putting COPS into context; Designing medium-voltage electrical systems; Planning and designing resilient, efficient data centers; The nine steps of designing generator fuel systems
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Fire & Life Safety Engineer; Technip USA Inc.
click me